BEIJING (Asian Metal) 10 Jun 19 – Currently, mainstream prices for European ferrovanadium 50%min stand at USD34.0-35.0/kg V in warehouse Rotterdam D/A 30 days, up by USD0.8/kg V from last week. Considering inquiries are increasing and tight supply, insiders believe prices of this material would increase further in the coming week.

A trader in west Europe quotes their ferrovanadium 50%min at USD36.0/kg V in warehouse Rotterdam D/A 30 days, up by USD1.0/kg V from last week. “Our last deal was made early last week, when we sold 20t at USD35.0/kg V. For firm orders of more than 20t, we can also accept this pirce level,” said the source. He believes prices of this material would stay at around USD36.0/kg V in the coming week.

With a regular trading volume of 60tpm for ferrovanadium, they sold 60t in May and expect the same volume in June, holding 20t of stock now.

A consumer in West Europe noted the current quotation for ferrovanadium 50%min stand at USD35.5/kg V in warehouse Rotterdam D/A 30 days, up by USD0.8/kg V from last week. “We can use no more than 10t of ferrovanadium per month. Our regular supplier promised me that if we buy 10t in once time, they can accept USD35.0/kg V,” said the source. They prepare to buy at this price level in the coming day. He believes prices of this material would increase to USD36.0/kg V in the coming week for tight supply.

With an annual consumption capacity of 120t of ferrovanadium, they consumed 5t in May and expect 5-10t in June, holding no stock now.

www.asianmetal.com